A photographic light-curve of Nova V723 Scorpii 1952 in the B system is given, based on twenty-four observations at Mount Stromlo Observatory from August 15 to October 19,1952, and on a photoelectric sequence secured at Lowell Observatory in 1958. Other observations at the Cape and Stalinabad are reduced to the same system. The light-curve closely matches that of Nova CP Lacertae 1936. The derived elements are as follows: Max. Aug. 11.9, 1952 = JD 2434236.4 + 0.1; m0(B) = 9.0 + 0.15, with log t2 = 0.78, log t3 = 1.18, and m11(B) = 12.0 + 0.1. The relation between color excess E and distance r < 1.5 kpc, derived from the U,B, V colors of the comparison stars by a variant of the Q-method is E/r = 0.28 + 0.03. The apparent distance modulus derived from the Mo(log t3) relation and from M11 is (m - M)pg = 17.5 + 0.2, and if = 4E = 1.12r, the corrected distance is r = 4.0 + 0.3 kpc. The observed color of the nova 5 days past maximum (B - V) = +1.3 is in good agreement with the computed color excess corresponding to a photographic absorption Ap1 = 4.5 mag. The probable present (minimum) magnitudes are 22.2 (B) and 21.0 (V).